First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI – Get Free Report) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 77,700 shares, an increase of 82.4% from the June 30th total of 42,600 shares. Based on an average daily trading volume, of 127,300 shares, the short-interest ratio is currently 0.6 days.
First Trust NASDAQ BuyWrite Income ETF Stock Up 1.2 %
FTQI traded up $0.23 during midday trading on Friday, reaching $19.97. 179,259 shares of the company’s stock were exchanged, compared to its average volume of 127,889. The firm has a market capitalization of $384.42 million, a price-to-earnings ratio of 29.15 and a beta of 0.52. First Trust NASDAQ BuyWrite Income ETF has a one year low of $18.15 and a one year high of $20.93. The business has a 50-day simple moving average of $20.43 and a two-hundred day simple moving average of $20.31.
First Trust NASDAQ BuyWrite Income ETF Cuts Dividend
The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Tuesday, July 23rd will be paid a dividend of $0.203 per share. This represents a $2.44 dividend on an annualized basis and a yield of 12.20%. The ex-dividend date is Tuesday, July 23rd.
Institutional Inflows and Outflows
First Trust NASDAQ BuyWrite Income ETF Company Profile
The First Trust Nasdaq BuyWrite Income ETF (FTQI) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively-managed portfolio of US stocks, with an options overlay of short calls on the Nasdaq 100. FTQI was launched on Jan 6, 2014 and is managed by First Trust.
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